In today’s podcast, NAB Group Chief Economist Alan Oster discusses the following key points:

• The Government’s new JobKeeper package is very welcome and the fiscal response is the difference between a depression and a recession.
• We still expect unemployment in Australia to reach double digits this year, which put into context is comparable to the worst of the early 1990s recession.
• There are some encouraging signs around slower case growth in Australia, but it is likely that the shutdown will continue for months.

Listen to the full podcast now.